We examine how investors respond to concurrent financial and ESG performance news and the implications of their response for investor screening. Our analyses reveal that investors respond more strongly to ESG performance news during earnings announcement (EA) periods than non-EA periods. We also...

We employ a quasi-natural experiment to examine the effect of investor inattention on firms' voluntary disclosure. While prior research focuses on when managers make mandatory disclosures within a given quarter, we examine whether investor inattention influences what managers voluntarily...

This paper examines the real effects of non-concurrent guidance from accounting standard setters and prudential regulators. Using the recent introduction of the Current Expected Credit Losses (CECL) standard, we examine whether uncertainty due to the lack of concurrent guidance from accounting...

We examine the influence of labor unions on non-GAAP reporting. We find managers are less likely to provide non-GAAP earnings disclosures after employees unionize. This relation arises because non-GAAP earnings metrics typically exclude expenses/losses and thus are higher than GAAP earnings. In...